8th Pay Commission: Every ten years, a Pay Commission is constituted by the Central Government. In this, the current salary structure of central employees and pensioners including defence personnel is revised after looking at inflation and other things.
8th Pay Commission: Central employees and pensioners across the country are eagerly waiting for the Eighth Pay Commission. They are expecting an increase in their salary and pension. The recent report of Ambit Capital has strengthened the speculation that there can be a tremendous increase of about 30 to 34 percent in the salary of government employees. If the Eighth Pay Commission is implemented as per the earlier estimates, then it can be implemented in 2026 or financial year 2027. After this, there will be an additional burden of about Rs 1.8 lakh crore on the government.
Pay commission every 10 years
The Central Government constitutes a Pay Commission every ten years. In this, the current salary structure of central employees and pensioners including defence personnel is revised on the basis of inflation and other economic aspects. Experts are expecting that the Pay Commission will recommend increasing the basic pay of central employees as well as DA according to inflation. Along with this, pension will also be revised according to the new salary structure.
Fitment factor is applied for salary revision of government employees. If we believe the report of Ambit Capital, then a fitment range of 1.83 to 2.46 can be applied on it. If this happens, the minimum salary will increase from Rs 32,940 to Rs 44,280. Fitment factor is that which is multiplied with the existing basic pay for the new salary structure according to the new pay commission.
How much increase on how much salary?
If the fitment factor of 2.46 is applied in the same way, then in this case if someone’s salary is 50 thousand rupees then his salary will increase to 1.23 lakh rupees. But if the fitment factor is 1.83 then his salary will increase to 91,500 rupees.
It is believed that the implementation of the Eighth Pay Commission will not only be beneficial for government employees but also for the Indian economy. The reason for this is that when people’s salaries increase, they will spend on consumption and this will accelerate the pace of growth.
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